
Elon Musk Net Worth Dives $12 Billion As Tesla Investors Grow ‘Tired' Of Antics
The second Trump presidency hasn't been the boon for former 'first buddy' Elon Musk's Tesla stock ... More investors had hoped, as shares are down more than 30% since Inauguration Day. AFP via Getty Images
In a far less painful day for the broader market, Tesla stock fell 7%, or about $21 per share, in response to Musk's unveiling of his 'America Party' and the subsequent sparring between Musk and President Donald Trump, who Musk donated $288 million to help elect last year.
'Investors are growing tired of the distraction' from Musk, William Blair analyst Jed Dorsheimer wrote in a Monday note to clients downgrading his rating for Tesla stock from a buy to a hold on the less favorably federal regulatory credit environment for electric vehicles in Trump's megabill signed last week.
Musk's net worth tumbled $12 billion Monday to $393 billion, which is still the largest fortune in the world by a more than $100 billion margin, according to Forbes' latest estimates.
Despite the initial enthusiasm for the self-proclaimed 'first buddy' Musk and what his cozy White House role would mean for Tesla stock, it's been a dark stretch for Tesla investors, with shares down 31% since Inauguration Day, far worse than the S&P 500 benchmark's 4% advance.
'Musk diving deeper into politics and now trying to take on the Beltway establishment is exactly the opposite direction that Tesla investors/ shareholders want him to take,' Wedbush analyst Dan Ives, long one of the most bullish analysts covering Tesla, wrote Sunday. Big Number
55%. That's the proportion of Americans who hold an unfavorable view of Musk compared to 37% of those with favorable opinions and 8% with no take, according to Silver Bulletin's weighted average of dozens of polls on Musk. Just 45% of Americans had an unfavorable view of Musk at the end of last year as his favorability fell among Democrats, Republicans and independents declined during 2025's first half.
The across-the-board souring on Musk translated into dim sales for Tesla vehicles, as the company logged its worst-ever annual vehicle delivery declines in each of 2025's first two quarters. Citing a 'troubling trend' in sales data, J.P. Morgan analysts predicted Monday this will be Tesla's worst year for deliveries since 2022. The Musk-Trump alliance started to unravel in June over fiscal hawk Musk's disagreement with Trump's spending package, which the Congressional Budget Office projects will widen the national debt by $3.4 trillion. After the pair appeared to make nice, the feud escalated again last week, culminating in Trump calling Musk a 'TRAIN WRECK' and Musk apparently accusing the Trump administration of lying about the contents of the Epstein Files, referring to the documents surrounding the late convicted sex offender Jeffrey Epstein which Musk claimed implicated Trump in a since-deleted post. Surprising Fact
Musk lost nearly as much in his personal net worth Monday than the $15 billion total market value of Rivian, Tesla's top American EV competitor. Further Reading Forbes Elon Musk (And Tesla) Became Much More Unpopular —As Unfavorability Soars To 55% By Derek Saul Forbes The Musk-Trump Feud Returns: X Owner Posts About 'Epstein List' Again After President Calls America Party 'Ridiculous' By Siladitya Ray Forbes Tesla Vehicle Deliveries Shrank 13% Last Quarter — A Historic Decline As Elon Musk's Troubles Mount By Derek Saul
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Hill
35 minutes ago
- The Hill
Trump praises Liberia leader's English, the country's official language
President Trump said Wednesday he was impressed with Liberian President Joseph Boakai's English during a meeting with African heads of state at the White House. 'Such good English,' he said after Boakai spoke. 'Where were you educated? Where? In Liberia? Well, that's very interesting. It's beautiful English,' Trump said during a joint press conference. 'I have people at this table can't speak nearly as well,' he added. English is the official language of Liberia, a West African nation founded in the early 1800s by philanthropists, abolitionists and some slave owners who sought to resettle free Black Americans. The country, located on Africa's West Coast, also has several indigenous languages and a variation of English known as Liberian English. Boakai was educated at the University of Monrovia, in the country's capital named after U.S. President James Monroe, and later served under former President Ellen Johnson Sirleaf, the first female leader of Liberia. In response to criticism of Trump's comments to Boakai, a White House spokeswoman told the New York Times in a statement that, 'only the fake news could so pathetically pick apart President Trump's heartfelt compliment during a meeting that marked a historic moment for U.S.-Africa relations.' Trump invited the leaders of Gabon, Senegal, Mauritania, and Guinea-Bissau, as well as other African nations rich in natural resources, to the Wednesday White House meeting after signing an executive order in March to increase American mineral production. The Trump administration locked in deals with China and Ukraine regarding access to their rare Earth deposits earlier this year. Liberia's real GDP is expected to grow around 5 percent in 2025, driven by continued expansion in mining, especially gold, and improvements in agriculture and services, according to the World Bank. The nation has a population of 5.7 million and has attracted foreign interest for its wealth of rare Earth minerals and rare Earth metal neodymium, according to the organization. 'Liberia is a longtime friend of the United States and we believe in your policy of making America great again,' Boakai told Trump, before he complimented his speaking style. Other African leaders echoed the same sentiment in support of 'America First' policies, citing opportunities for economic collaboration.
Yahoo
40 minutes ago
- Yahoo
Are Robust Financials Driving The Recent Rally In Tower Limited's (NZSE:TWR) Stock?
Tower's (NZSE:TWR) stock is up by a considerable 16% over the past three months. Given the company's impressive performance, we decided to study its financial indicators more closely as a company's financial health over the long-term usually dictates market outcomes. Specifically, we decided to study Tower's ROE in this article. Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Put another way, it reveals the company's success at turning shareholder investments into profits. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. The formula for return on equity is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Tower is: 26% = NZ$88m ÷ NZ$343m (Based on the trailing twelve months to March 2025). The 'return' is the profit over the last twelve months. So, this means that for every NZ$1 of its shareholder's investments, the company generates a profit of NZ$0.26. See our latest analysis for Tower So far, we've learned that ROE is a measure of a company's profitability. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics. First thing first, we like that Tower has an impressive ROE. Second, a comparison with the average ROE reported by the industry of 17% also doesn't go unnoticed by us. So, the substantial 45% net income growth seen by Tower over the past five years isn't overly surprising. Next, on comparing with the industry net income growth, we found that Tower's growth is quite high when compared to the industry average growth of 20% in the same period, which is great to see. The basis for attaching value to a company is, to a great extent, tied to its earnings growth. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). This then helps them determine if the stock is placed for a bright or bleak future. Is Tower fairly valued compared to other companies? These 3 valuation measures might help you decide. The high three-year median payout ratio of 60% (implying that it keeps only 40% of profits) for Tower suggests that the company's growth wasn't really hampered despite it returning most of the earnings to its shareholders. Moreover, Tower is determined to keep sharing its profits with shareholders which we infer from its long history of paying a dividend for at least ten years. Our latest analyst data shows that the future payout ratio of the company is expected to rise to 72% over the next three years. Consequently, the higher expected payout ratio explains the decline in the company's expected ROE (to 18%) over the same period. On the whole, we feel that Tower's performance has been quite good. Especially the high ROE, Which has contributed to the impressive growth seen in earnings. Despite the company reinvesting only a small portion of its profits, it still has managed to grow its earnings so that is appreciable. With that said, on studying the latest analyst forecasts, we found that while the company has seen growth in its past earnings, analysts expect its future earnings to shrink. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
43 minutes ago
- Yahoo
CleanSpark (CLSK) Drops 7.5% After June Mining Results
CleanSpark, Inc. (NASDAQ:CLSK) is one of the . CleanSpark dropped its share prices by 7.5 percent on Monday to finish at $11.33 apiece following the release of its June mining production which seemed to have already been priced in by investors. Just recently, CleanSpark, Inc. (NASDAQ:CLSK) announced achieving its mid-year target of 50 EH/s of operational hash rate, which hinted at improved production last month. During the said period, the company produced 685 Bitcoins with an average daily production of 22.82. This put its total Bitcoin ownership to 12,608, ranking seventh among all publicly traded companies worldwide, all generated entirely through self-mining. A hall of server racks, illuminated by blue LED lights and humming with energy. 'June resulted in an average sale price of $105,860 per bitcoin net of customary fees, which is $446 above VWAP for the same period, not including the premiums received from derivative transactions. While these strategies are still evolving, I'm proud of the institutional-grade discipline and performance our treasury team is already demonstrating,' said CleanSpark, Inc. (NASDAQ:CLSK) CFO Gary Vecchiarelli. While we acknowledge the potential of CLSK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data